Yeah, that is why you get the great opportunity to buy at a 6 million market cap. If you want everything handed to you, you are welcome to buy at the highs when everything looks great and everybody agrees that the company is doing well. Maybe it is fun for you to buy during those times, and pay $3 or $4 per share. If you did that in 2014 you are down 90 percent. I bought pretty much at the all-time lows (save for a few months during the financial crisis), so I am covered no matter what.
You guys don't quite understand. You are supposed to buy low, then sell high. In order to get the LOW part, there has to be some uncertainty, as well as some mispricing of value. You will understand it soon enough. You are welcome to go buy some shares in some other company where the consensus is that everything is great. Those are the ones that can drop permanently, when it is found out that the emperor has no clothes.
Go ahead and try to articulate a scenario where IFON goes out of business during the next 36 months. No chance. Do you think the shares will ever trade at a 15 million market cap between now and then? I do. Imagine if they actually announce great news. Exciting new product launch is one. Major partnership is another. Maybe start selling phones in the United States again would be yet another. And how about instead of a slight loss, they show a slight profit, or even meaningful profit during the next report? They could also sell the company. There is a reason that they have streamlined operations, and maybe that reason is going to be a huge pleasant surprise.
Go to Amazon and look at all of the reviews for their scores of phone models. Nice company here. A bigger company could get it all for a song. 20 million sale of the company is $1.50-ish per share, and you don't have to stretch your brain at all to see that happening. Now, go back to when the company traded at $4 in 2014. That was a near 60 million market cap. Now, lots of stock market geniuses bought at that point, but they needed a market cap of 175 million in order to make the amount of money that I am going to make once we get to just 20 million. So, they had essentially zero chance of making big money, and a huge chance of losing huge money.
By buying a chunk of shares at an average cost of under 50 cents, I, and some others, have almost zero chance of losing 90 percent like those who bought at $4, and all I have to do to make 9 or 10 times my money is to one day get back to the market cap that was achieved less than three years ago. Those who bought the SAME COMPANY at a market cap of 60 million/$4 per share, needed the company to go to $40 per share, or a market cap of 560 million...lol.
If you cannot understand the above, then there is nothing to talk about.
